BUDGETING: Take Your Spreadsheets to the Next Level

Create accurate budgets in a fraction of the time it would take usin g spreadsheets alone

All Your Data in a Single Platform

Your time is valuable, and managing your annual budget probably takes up too much of it. As your business grows, budgeting becomes more complex and harder to manage. You need the right tool to streamline budgeting and increase accuracy.

With budgeting software from Prophix, you can do everything you’re doing now in Excel, but you’ll do it faster, easier, and better. Simplify your budgeting process and put time back in your own schedule.

Explore the benefits of Prophix and how it revolutionizes the budgeting process for businesses in any industry.

Free Download: Budgeting Without Spreadsheets
There’s a Better Way to Budget

Prophix Budgeting: Automation for Innovation

The Next Generation of Spreadsheets

Increase Accuracy

Tired of switching between your CRM, ERP, and  payroll software  for data to build your budgets? With Prophix, data collection is automated, condensing all relevant metrics into a single budgeting platform. This increases your data accuracy and eliminates the need for manual data input.

Gain In-Depth Insights

With all your data combined into a single platform, you now have greater insight into the implication metrics have on your budget. You can see the big data picture with in-depth reports and adjust your budget for the optimal results with just a few clicks. Leverage crucial data insight for the best budget.

Improve Collaboration

When building budgets in the past, you’ve probably found it difficult to coordinate between different departments and navigate competing interests. Now, employees can easily enter data how and when they want, increasing their buy-in for the budgeting process.

Automate Tasks

Today, automation capabilities are more powerful than ever. With Prophix, you can automate some of the menial tasks associated with budgeting. For example, you can automate budget submission and review processes through the appropriate workflows, removing one more task from your to-do list.

Mitigate Risk

Switching between multiple platforms and working in personal budgeting spreadsheets can easily lead to errors. A missed value or incorrect formula could destroy your whole budget! Instead, you need a budgeting software that has built-in controls and increased data accuracy.

Facilitate Agile Budgeting

Whether you want a cloud-based or on-premise budgeting solution, Prophix can facilitate your needs. With our budgeting software, you can choose the deployment option that’s best for your business, and easily transition to another deployment method if your needs change. Plus, thanks to our cloud-based option, you can access your budget from anywhere, on any device.

Save Time

All of these benefits come together to save time. The work once done by multiple department heads over many days can now be done by a single person in a short number of hours. Prophix offers a streamlined, innovative way to improve your annual budgeting process.

FAQs

Can Prophix handle top-down budgeting with complex allocations?

Yes. Users can enter data at a high-level in a dimensional structure, and have that data automatically allocated to lower-level members. For example, revenues can be entered quarterly at the company level and spread down to cost centers.

Can Prophix easily pre-populate budgets with historical data?

Yes. Prophix allows you to import historical data to pre-populate your budget. For example, you can create a new budget based on a combination of last year’s actuals and existing forecasts.

Can budgets be “locked” to the submitter once their individual budget is approved?

Yes. Prophix gives you the flexibility to lock your budgets at any level – by user, budget sheets, even individual cells. For example, as part of a budget workflow users can submit a department budget to their manager for approval. The manager can then lock that department budget, or individual cells within that budget, assuring the approved values won’t change.

Can Prophix allow for long range (+5 year) planning?

Yes. There are no limits to the number of periods you can plan for. For example, RACER Trust used Prophix to project holding costs 100 years into the future to reflect their ownership responsibilities. Read the user story here.

"The partnership with Prophix gives our customers the ability to use financial insights to make better and faster business decisions. In today’s competitive environment, that is the key to short- and long-term success."

Totvs Gilsinei Hansen - Chief Industry Applications Officer

Ready to Leave Your Budgeting Spreadsheets Behind?

View a Free Demo to See Prophix Budgeting in Action

Improve organizational agility, gain efficiencies within your department and realize the business value that comes with a budget that is accurate, auditable, and collaborative. You’re empowered to make rapid budgeting decisions, with all the essential insight. Choose Prophix for your budgeting software, and reap the benefits of automation at every step.

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